Exchange Rate Risk Premium
Mostrando 1-2 de 2 artigos, teses e dissertações.
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1. Dominância fiscal ou dominância monetária no Brasil?: uma análise de causalidade
Brazils inflation targeting regime, which requires a floating exchange rate regime, coupled with high primary fiscal surpluses, helped absorb the external and domestic shocks that hit the economy in post-Real Plan period, maintaining inflation under control. However, a number of authors, such as Blanchard, Tanner e Ramos, and others advocate the predominance
Publicado em: 2006
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2. Eficiência do mercado implícito de câmbio a termo no Brasil. / Efficiency of the implied forward exchange market in Brazil.
In this dissertation, the forward exchange market efficiency hypothesis is tested for the recent floating regime in Brazil. We use daily frequency data, with implied forward rates based on the swap market. The statistical approach is a semiparametric procedure which is statistically robust to data distributions with heavy tails and allows for non-stationarit
Publicado em: 2003